The 2026 Supercuts FDD holds the Item 7 estimated initial investment range at $185,930–$323,460, and the system holds at 1,801 outlets year-over-year. Both filings include an Item 19 financial performance representation.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Low end of range | $185,930 | $185,930 | unchanged |
| High end of range | $323,460 | $323,460 | unchanged |
| Full range | $185,930–$323,460 | $185,930–$323,460 |
The Item 7 estimated initial investment range matches across both filings at $185,930–$323,460.
2025 filing: Item 7 includes a separate estimated initial investment table for a Development Agreement covering three salons, but this report is limited to the single-salon Franchise Agreement. 2026 filing: All franchisees, even single-unit, sign both a Development Agreement and a Franchise Agreement. The fee structure assumes single-unit development (other fee scenarios are for multi-unit/multi-salon development agreements, not covered here).
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Total outlets (Item 20) | 1,801 | 1,801 | unchanged |
| Franchised outlets | 1,701 | 1,701 | unchanged |
| Company-owned outlets | 100 | 100 | unchanged |
| Openings during the year | Not disclosed | 11 | |
| Closures during the year | Not disclosed | 137 |
Supercuts reports 1,801 outlets in both filings: system size is unchanged year-over-year.
Outlet counts as each filing states them — 2025: As of June 30, 2025 (fiscal year end); 2026: Fiscal Year Ended June 30, 2025. Outlet tables in Item 20 show substantial year-over-year reductions in system size, include affiliate-owned locations in company-owned counts, and distinguish openings, closures, and reacquisitions distinctly by type. Company-owned figures in 2025 include 97 salons from an acquisition during the period.
Supercuts included an Item 19 financial performance representation in both the 2025 and 2026 filings. The 2026 filing discloses financial performance, broken out across 4 outlet segments for Fiscal Year 2024-2025 (July 1, 2024 through June 30, 2025).
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Standard royalty rate | 6% | 6% | unchanged |
The standard royalty rate holds at 6% of combined net service revenues and net merchandise revenues across both filings.
2025 filing: For new Salons, royalty is 4% from opening date until first year anniversary, then 6% thereafter. If you purchase an existing company-owned Supercuts Salon or affiliated branded salon for conversion, royalty is 6% for the entire term. 2026 filing: Royalty is 4% of combined net revenues for the first year of new salons, then 6% for the remainder of the term; conversions pay 6% for all years.